07/28/2023
Foreign investment in Arab countries hits $200bn, UAE leads way with 57%
Arab countries saw over 1,600 projects boosted by foreign investment last year
Alternative Investments
07/28/2023
DFM reports 77% upsurge in net profit during the first half of 2023 to AED 112.2 mln
DFM attracted 25,699 new investors in the first half of 2023, 74% of which were foreign investors
07/27/2023
Nasdaq Dubai welcomes the listing of $600mln Sukuk by Dar Al-Arkan
This issuance by Dar Al-Arkan will be under the USD 2.5 billion Trust Certificate Issuance Programme and is scheduled to mature in 2029
07/25/2023
Value of MENA debt issuances more than double to $45.9bln in H2 2023
Saudi Arabia was the most active issuer nation during the period
07/25/2023
Abu Dhabi's Multiply Group sees Q2 2023 profit rise to $98.5mln
Group said it was seeing “value accretive acquisition opportunities” globally
07/25/2023
DEWA bolsters commitment to green mobility by joining CharIN
The membership allows DEWA to actively participate in establishing industry standards for electric vehicle charging systems
07/25/2023
QFZ, QDB collaborate to enhance Qatar’s investment climate
This comes as part of the expansion of the authority's partnerships with key national players, and promoting its position as a distinct investment destination in the region
07/24/2023
Egyptian developer PHD joins EFG Hermes to close $15.29mln bond
National Bank of Egypt, Arab African International Bank, and Al Baraka Capital acted as the underwriting banks, with Al Baraka Bank acting as a subscriber to the issuance
07/24/2023
UAE real estate: Rental increase across Dubai properties to slow down in 2024
According to a new study, rental prices for new contracts saw an increase of 32.6% since 2023
07/24/2023
UAE chases 7% growth to double economy to over $800bn
The Gulf country is seeking bilateral trade deals and partnerships to ensure its economy is sufficiently diversified away from oil-dependent growth
07/21/2023
Saudi fund inks $10m loan agreement for business incubation centers in the Bahamas
This agreement marks a significant step in our nation’s journey towards sustainable growth
07/21/2023
Real estate trading volume exceeds QR300m in a week
Sales were concentrated in Al Rayyan, Doha, Umm Slal, Al Daayen, Al Wakrah, and Al Shamal municipalities.
07/19/2023
Dubai ranks as top global market for luxury real estate sales in Q1 2023
176 homes worth at least AED 36.73 million were recorded in Dubai during the first half of 2023
07/19/2023
Dubai South introduces new employee protection insurance programme
The programme covers unpaid salaries, gratuity, repatriation costs of return for its employees or their mortal remains and unreimbursed expenses
07/18/2023
How GCC wealth funds are fuelling growth and prosperity
Sovereign wealth funds in the GCC region continue to increase in number, size, variety and scope
07/17/2023
Gulf Bank announces Sharefa as the 20th AlDanah millionaire
"We congratulate Sharefa Mohamad Ghloum Ashraf, the semi-annual prize winner of the Al Danah millionaire account, and we wish the rest of the customers the best of luck in the upcoming draws."
07/14/2023
Macroeconomic indicators, improvement in global commodity prices enhance performance of QSE
Qasimia said that the next week would witness the disclosure of the results of some companies listed on the QSE for the first half of the year, expecting an improvement in liquidity levels in light of investors’ anticipation of new listings of share
07/13/2023
Dubai Financial Market at highest point in nearly eight years as UAE draws investors
With a continuing focus on IPOs and a strong economic outlook, equity markets in the Emirates remain robust
07/12/2023
Saudi Arabia's SNB Capital invests $100mln in South Korean battery maker SK ON
The investment was made via SNB Capital EV Batteries fund, a closed-end sharia compliant fund
07/12/2023
Saudi Arabia ranks 2nd in latest global entrepreneurship index
The study indicated that the age group from 18 to 24 was the fastest-growing segment and the most popular for entrepreneurial activities and business projects.